Natixis Advisors LLC Cuts Stock Position in Berry Global Group, Inc. (NYSE:BERY)

Natixis Advisors LLC trimmed its position in shares of Berry Global Group, Inc. (NYSE:BERY) by 5.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 54,090 shares of the industrial products company’s stock after selling 3,080 shares during the quarter. Natixis Advisors LLC’s holdings in Berry Global Group were worth $3,376,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. lifted its position in Berry Global Group by 33.8% during the first quarter. Russell Investments Group Ltd. now owns 37,552 shares of the industrial products company’s stock valued at $2,271,000 after acquiring an additional 9,483 shares during the last quarter. Quadrature Capital Ltd lifted its holdings in shares of Berry Global Group by 11.8% during the 1st quarter. Quadrature Capital Ltd now owns 8,285 shares of the industrial products company’s stock valued at $501,000 after purchasing an additional 872 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of Berry Global Group during the 1st quarter valued at $38,000. BOKF NA boosted its position in shares of Berry Global Group by 26.3% in the 1st quarter. BOKF NA now owns 79,330 shares of the industrial products company’s stock worth $4,809,000 after purchasing an additional 16,497 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Berry Global Group by 6.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 89,114 shares of the industrial products company’s stock worth $5,390,000 after buying an additional 5,731 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors.

Berry Global Group Price Performance

Shares of BERY opened at $71.71 on Friday. The business’s 50-day moving average is $68.22 and its two-hundred day moving average is $64.40. The company has a market capitalization of $8.22 billion, a P/E ratio of 16.33, a P/E/G ratio of 1.39 and a beta of 1.14. Berry Global Group, Inc. has a fifty-two week low of $54.06 and a fifty-two week high of $72.50. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.08 and a current ratio of 0.41.

Berry Global Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.31 per share. This is a boost from Berry Global Group’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a yield of 1.73%. The ex-dividend date is Monday, December 2nd. Berry Global Group’s dividend payout ratio (DPR) is currently 25.06%.

Insider Buying and Selling at Berry Global Group

In related news, Director Evan Bayh sold 14,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $70.13, for a total transaction of $981,820.00. Following the sale, the director now owns 30,228 shares in the company, valued at approximately $2,119,889.64. This trade represents a 31.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BERY shares. Truist Financial reiterated a “hold” rating and issued a $72.00 price target (down from $74.00) on shares of Berry Global Group in a research note on Wednesday. UBS Group cut shares of Berry Global Group from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $82.00 to $75.00 in a research note on Friday. Morgan Stanley assumed coverage on shares of Berry Global Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 target price on the stock. Royal Bank of Canada raised their price target on shares of Berry Global Group from $69.00 to $73.00 and gave the stock a “sector perform” rating in a report on Thursday. Finally, StockNews.com raised shares of Berry Global Group from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $72.00.

Berry Global Group Company Profile

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets in the United States, Canada, Europe, and internationally. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments.